Report: Crypto Financial Services Firm Matrixport Seeks $100 Million in Funding

Crypto steadfast Matrixport Technologies is reportedly seeking $100 cardinal successful funding, according to radical acquainted with the matter. Sources elaborate that the institution already secured commitments from investors for astir $50 million, which would springiness Matrixport a post-valuation of $1.5 billion.

Matrixport Looks to Raise $100 Million From Strategic Investors

The integer plus steadfast and crypto lender Matrixport is targeting $100 cardinal from strategical investors, according to a communicative archetypal reported by Bloomberg. The Singapore outfit was founded successful 2019 by billionaire and erstwhile Bitmain CEO Jihan Wu. The fiscal services company’s operations see crypto gain programs, lending products, and Ethereum 2.0 staking services.

Bloomberg’s sources accidental Matrixport has already gathered “commitments from pb investors for $50 million.” The study notes that Tiger Global and Dragonfly are immoderate of Matrixport’s committed backers. With a $50 cardinal superior raise, Matrixport’s wide valuation could leap to $1.5 billion.

Matrixport confirmed the institution was engaging with investors and shared Bloomberg’s study connected Twitter. “We’re excited and look guardant to engaging with participants, connected akin terms, successful the different fractional of the backing round,” Matrixport tweeted. “Appreciate the spot and assurance our investors proceed to person successful Team Matrixport.”

The institution raised $100 cardinal successful August 2021 successful a Series C fundraising circular and it became a unicorn institution valued astatine $1 cardinal astatine the time. The circular was led by DST Global, C Ventures, and K3 Ventures. As acold arsenic the caller backing is concerned, Matrixport’s nationalist relations pb Ross Gan said “Matrixport routinely engages with cardinal stakeholders arsenic portion of its mean people of business.”

What bash you deliberation astir Matrixport seeking $100 cardinal successful caller financing? Let america cognize what you deliberation astir this taxable successful the comments conception below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This nonfiction is for informational purposes only. It is not a nonstop connection oregon solicitation of an connection to bargain oregon sell, oregon a proposal oregon endorsement of immoderate products, services, oregon companies. Bitcoin.com does not supply investment, tax, legal, oregon accounting advice. Neither the institution nor the writer is responsible, straight oregon indirectly, for immoderate harm oregon nonaccomplishment caused oregon alleged to beryllium caused by oregon successful transportation with the usage of oregon reliance connected immoderate content, goods oregon services mentioned successful this article.